International Finance
- Management Sciences
- 400 level
- 3 credit units
- 177 pages
- 20 units
This course introduces students to the core concepts of international finance, focusing on the monetary system and cross-border transactions. It covers topics such as international trade, balance of payments, foreign exchange markets, and international financial institutions. Students will learn about the dynamics of international payments, investment strategies, and the impact of global economic environments. The course also explores debt financing portfolios and the theory and practice of devaluation.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assignments
- Final examination
What you'll read
The real module and unit structure of BFN401, taken from the course material NOUN publishes.
- UNIT 1: INTRODUCTION TO INTERNATIONAL FINANCEPage 1
- UNIT 2: INTERNATIONAL TRADE IPage 12
- UNIT 3: INTERNATIONAL TRADE IIPage 26
- UNIT 4: BALANCE OF PAYMENTPage 40
- UNIT 5: EXCHANGE RATESPage 48
- UNIT 6: INTERNATIONAL FINANCIAL INSTITUTION 1Page 53
- UNIT 7: INTERNATIONAL FINANCIAL INSTITUTIONS 11Page 64
- UNIT 8: GLOBAL ECONOMIC ENVIRONMENTPage 73
- UNIT 9: ECONOMIC COOPERATIONPage 81
- UNIT 10: FINANCE AND MANAGEMENT OF FOREIGN OPERATIONS.Page 86
- UNIT 11: FOREIGN EXCHANGE MARKETPage 90
- UNIT 12: EFFICIENCY OF THE FOREIGN EXCHANGE MARKETPage 96
- UNIT 13: MARKET COVERED BY INTERNATIONAL FINANCEPage 103
- UNIT 14: NATURE OF CAPITALPage 114
- UNIT 15: INTERNATIONAL CAPITAL FLOWSPage 122
- UNIT 16: FEATURES, INSTRUMENTS AND PERFORMANCE OFB INTERNATIONAL FINANCEPage 126
- UNIT 17: INTERNAL AND EXTERNAL DEBTPage 135
- UNIT 18: DEBT FINANCING PORTFOLIOSPage 141
- UNIT 19: THEORY AND PRACTICE OF DEVALUATIONPage 150
- UNIT 20: FOREIGN DIRECT INVESTMENT AND PORTFOLIOPage 159
One paragraph, so you can see how it reads
BFN401 · UNIT 1: INTRODUCTION TO INTERNATIONAL FINANCE
International Finance is a branch of economics which studies the dynamics of foreign exchange. It is a monetary system which transcends national borders. The activities involved in international finance helps organizations to engage in cross-border transactions. International finance covers all procedures, techniques and tools that financial institutions, such as banks and insurance companies, provide to clients.
What you should be able to do
- Understand the dynamics of international payment
- Analyze a country's competitive position
- Forecast pressure on exchange rates
- Evaluate the efficiency of foreign exchange markets
- Apply international finance principles to investment decisions
What it prepares you for
- Financial Analyst
- International Trade Specialist
- Investment Manager
- Financial Manager
- Economist
- Banking
- International Trade
- Investment Management
- Government
- Multinational Corporations
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1:
Unit 1: Introduction to International Finance
Understanding the dynamics of international payment requires grasping complex economic relationships and global market factors.
- Module 1:
Unit 3: International Trade II
This unit requires a thorough understanding of the legal and regulatory frameworks governing international trade, which can be challenging.
- Module 1:
Unit 4: Balance of Payment
The concepts of equilibrium, deficit, and surplus in balance of payments require a strong understanding of economic indicators and international transactions.
A suggested way through it
13 weeks, about 60 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: Introduction to International Finance · 4 hours
Define international finance and its advantages.. Explain the balance of payments and its components..
- Week 2Module 1:
Unit 2: International Trade I · 4 hours
Define and explain international trade.. Discuss the basic concepts and reasons for international trade..
- Week 3Module 1:
Unit 3: International Trade II · 4 hours
Examine the various forms of international trade.. Examine the issues surrounding the establishment of world trade organization (WTO)..
- Week 4Module 1:
Unit 4: Balance of Payment · 4 hours
Define balance of payments concepts.. Identify the various components of balance of payments..
- Week 5Module 1:
Unit 5: Exchange Rates · 4 hours
Explain the concept of exchange rate.. Appreciate the implication of this rate for the business environment..
- Week 6Module 1:
Unit 6: International Financial Institutions I · 4 hours
Examine International Financial Institution by meaning and definition.. Discuss International Monetary Fund (IMF)..
- Week 7Module 1:
Unit 7: International Financial Institutions II · 4 hours
Discuss the role of world bank as an international financial institution.. Examine the role of regional development banks, such as African Development Bank (ADB)..
- Week 8Module 1:
Unit 8: Global Economic Environment · 4 hours
Demonstrate the understanding of global business.. Be knowledgeable about the New International Economic Order..
- Week 9Module 1:
Unit 9: Economic Cooperation · 4 hours
Examine the key role played by economic cooperation and international trade.. Dilate copiously the history and role of economic cooperation..
- Week 10Module 1:
Unit 10: Finance and Management of Foreign Operations · 4 hours
Examine clearly the major types of foreign operations we have.. Discuss joint ventures as a type of foreign operation..
- Week 11Module 1:
Unit 11: Foreign Exchange Market · 4 hours
Provide the definition of foreign exchange market.. Understand the functions of major participants in the Foreign Exchange Market..
- Week 12Module 1:
Unit 12: Efficiency of Foreign Exchange Market · 4 hours
Understand the mechanism of Foreign Exchange Transactions.. Explain the Efficiency of the Foreign Exchange Market..
Unit 13: Market Covered by International Finance · 4 hours
Explain Markets covered by International Finance.. Examine Bond Market Volatility..
- Week 13Module 1:
Unit 14: Nature of Capital · 4 hours
Give detail explanation on the Nature of capital.. Explain the relation between capital, wealth, money and income..
Unit 15: International Capital Flows · 4 hours
Give meaning to capital flow.. Identify forms of foreign capital and its uses..
Preparing for the exam
- Create a study schedule allocating specific time for each unit.
- Focus on understanding the key concepts and definitions in each unit.
- Practice applying the theories to real-world scenarios.
- Review tutor-marked assignments and feedback.
- Create flashcards for key terms and formulas.
Questions students ask about this course
What is BFN401 about?
This course introduces students to the core concepts of international finance, focusing on the monetary system and cross-border transactions. It covers topics such as international trade, balance of payments, foreign exchange markets, and international financial institutions. Students will learn about the dynamics of international payments, investment strategies, and the impact of global economic environments. The course also explores debt financing portfolios and the theory and practice of devaluation.
How many units does BFN401 have?
BFN401, International Finance, has 20 units across 1 module, over 177 pages of course material. You can read it one unit at a time.
How many credit units is BFN401?
BFN401 carries 3 credit units, at 400 level in Management Sciences.
Is BFN401 hard?
BFN401 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does BFN401 take to study?
About 156 hours of study, spread across its 20 units.
How is BFN401 assessed?
BFN401 is assessed by assignments, tutor marked assignments and final examination.
What can I do with BFN401?
Financial Analyst, International Trade Specialist, Investment Manager, Financial Manager and Economist.